reverse inquiry
n.— «Market participants echoed those comments. “The book was incredibly large and the average fill was only 20% to 25%,” meaning that institutional investors received one-fifth to one-quarter of the orders they put in. It seems like institutional investors indicated their interest to the underwriters—a technique known as reverse inquiry—after the shelf prospectus was filed. Almost 60 institutional investors, including about 10 from south of the border, received an allocation.» —“Upgrade alters Shaw practice” by Barry Critchley FInancial Post (Toronto, Ontario, Canada) Mar. 27, 2009. (source: Double-Tongued Dictionary)
Further reading
It was a dark and stormy night. So begins the long and increasingly convoluted prose of Edwards Bulwer-Lytton’s best-known novel. Today the annual Bulwer-Lytton Contest asks contestants for fanciful first sentences that are similarly...
In 1971, when a new public library opened in Troy, Michigan, famous authors and artists were invited to write letters to the city’s youngest readers, extolling the many benefits of libraries. One of the loveliest was from E.B. White, author of...